Sunday, Nov 24, 2024

International Finance

Tag : London

Banking

Location, location, location: Why the HSBC headquarters stayed in London

International Finance Desk
by International Finance Desk
Moving to a more economically dynamic Hong Kong would subject it to China’s not-yet-ready-for-prime-time economic institutions Richard S. Grossman March 27, 2017: In February this year, HSBC, one of the world’s largest banks, decided not to move its headquarters from London to Hong Kong. The revelation that a company is staying put is usually not...
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Wealth Management

Survey: Investors see positive changes to AIM

International Finance Desk
by International Finance Desk
But companies need to ensure that they stay on top of their game March 15, 2017: Small and mid-cap fund managers believe the London Stock Exchange’s AIM market has developed into a genuine alternative to the Main Market, according to a survey. Some large growth companies, typically with a market capitalisation of over £500m, have...
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Wealth Management

Greater interest in savings and investment products

International Finance Desk
by International Finance Desk
UK private banking and wealth management sector calls for ‘a measured and appropriate regulatory regime’ to ensure London remains a global centre of excellence February 2, 2017: The Private Banking and Wealth Management (PBWM) industry has experienced significant growth in assets in recent years, boosting broader UK economic growth and helping individuals and families plan...
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Banking

Deutsche Bank fined for laundering $10 billion for Russians

International Finance Desk
by International Finance Desk
The German bank has been hit with a $629 million penalty in the US and UK IFM Correspondent February 1, 2017: Germany’s Deutsche Bank has been hit with a $629 million penalty in the US and UK over a $10 billion money laundering scheme that involved its branches in Moscow, New York and London. The...
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BankingFinance

Ireland not keen to host high-risk trading post-Brexit

International Finance Desk
by International Finance Desk
Risks and scale have prompted this cautious response from Dublin November 29, 2016: Ireland has indicated to a number of large investment banks that it would be hesitant to host large trading operations. The Irish central bank has signalled in talks with banks that they would encounter serious hurdles to gain regulatory approval for these...
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Economy

Brexit means Brexit, EU tells UK

International Finance Desk
by International Finance Desk
EU voices impatience with a lack of clarity from UK PM on what she expects IFM Correspondent November 24, 2016: European Parliament leaders told London’s Brexit negotiator on Tuesday that Britain should expect to be shut out of cooperation in areas it values once it leaves the European Union. David Davis met Guy Verhofstadt, the...
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BankingFinance

Metro Bank launches internet banking platform

International Finance Desk
by International Finance Desk
Will support fast-growing customer base and enhance users’ online experience November 22, 2016: As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, Metro Bank launched a commercial internet banking platform marking yet another disruptive step for the challenger bank. Since its launch in 2010, Metro Bank has demonstrated an...
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BankingFinance

China and India to drive global growth in ATMs

International Finance Desk
by International Finance Desk
The growth will be driven by large sections of the population that will open bank accounts for the first time IFM Correspondent November 21, 2016: Globally, the number of ATMs rose by 5% in 2015, to touch 3.2 million units by the end of the year. The majority of growth in the global ATM market...
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BankingFinance

British bankers: London will remain Europe’s financial centre

International Finance Desk
by International Finance Desk
51% believe Britain is in position to negotiate a bespoke trading relationship with the EU November 4, 2016: Synechron Inc, a global financial services consulting and technology services provider, has released findings from its research into short and long-term impacts of Brexit. The study was conducted in partnership with The TABB Group. One of the...
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